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Updated over 11 years ago on . Most recent reply

User Stats

6
Posts
3
Votes
Jeremy Hunt
  • Lumberton, TX
3
Votes |
6
Posts

Cash or Finance

Jeremy Hunt
  • Lumberton, TX
Posted

I am a just starting. I just recently got a rental unit up and going so I feel energized that I can do this. My question is I want to buy a house next to live in and rent my current residence which is a mobile home. And then I will have 2 rentals and a mortgage. So far I have paid cash for everything "Dave Ramsey Influence I suppose" But I am looking at around $100000 for this buy which would take me years to save. Should I wait and save up cash or is it a no brainer to get a mortgage and try to pay it off as quickly as possible?

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